Strong funding for HUD's affordable senior housing programs is critical to meeting extensive needs, shortening waiting lists for housing, and responding to rapidly rising homelessness among older adults.
In the fiscal year 2025 HUD appropriations bill, Congress should:
- Support $600 million for 6,900 new Section 202 Supportive Housing for the Elderly homes with ongoing Section 8 operating subsidy. Congress did not fund new Section 202 homes in its fiscal year 2024 HUD funding bill. This is unacceptable given the great need for deeply affordable, service-connected housing for older adults.
- Support full renewal funding for Section 8 Project-Based Rental Assistance, Project Rental Assistance Contracts, and service coordinator grants.
- Support affordable housing preservation, including $10 million for Rental Assistance Demonstration preservation conversions for 202/PRACs, as well as improved rent-setting and renewal options.
- Support $100 million for 400 new, three-year service coordinator grants.
- Support $50 million for about 5,000 new Older Adult Special Purpose Vouchers, at least 50% of which could be project-based.